Stock Market Today: Nasdaq Nears New High After Nvidia Earnings
Global stock markets rallied after the chipmaker's impressive financial results and guidance.


Stocks took their cues from a sizzling overnight session for the Japanese equities market and a red-hot post-earnings rally for Nvidia (NVDA). Indeed, the main benchmarks soared up the charts Thursday, with two of the three notching new record closes.
There were two main catalysts that sparked today's broad-market rally. One was the overnight move in Japan's stock market, with the Nikkei hitting a fresh record high for the first time since December 1989.
"The Nikkei has been buoyed by another wave of excitement for the prospects for the tech sector," says Susannah Streeter, head of money and markets at Hargreaves Lansdown, adding that a weaker yen has helped boost exporters including Toyota, Honda and Sony.

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
The index's "performance has also been boosted by corporate governance reforms to make businesses more accountable to shareholders which appear to have enthused investors, including Warren Buffett who has been bullish towards Japanese stocks," Streeter adds.
Nvidia soars on impressive Q4 results
The other main driver of Thursday's price action was Nvidia's blowout earnings report. The chipmaker's results were one of the most highly anticipated of the earnings season given its pole position in the generative AI (artificial intelligence) space, and it did not disappoint.
For its fourth quarter, Nvidia reported earnings of $5.16 per share, up from 88 cents per share in the year-ago period. Revenue jumped to $22.1 billion from last year's $6.1 billion as data center revenue quadrupled.
What's more, the company is calling for first-quarter revenue of $24.0 billion, a remarkable improvement over the $6.5 billion in revenue it reported in the year-ago period.
"This last year, we've seen a generative AI really becoming a whole new application space, a whole new way of doing computing, a whole new industry is being formed and that's driving our growth," said Nvidia CEO Jensen Huang in the company's earnings call.
NVDA stock surged 16.4%, adding $277 billion to its market capitalization – the most ever added by a company in a single session. To put that figure in perspective, it is more than the entire market cap of Dow Jones stock Coca-Cola (KO, -0.2%) or streaming giant Netflix (NFLX, +2.6%).
AMD adds $28 billion in market value after Nvidia earnings
Nvidia's earnings report had a halo effect on other chip stocks. Advanced Micro Devices (AMD), for one, jumped 10.7%, gaining $28 billion in market value along the way. Arm Holdings (ARM, +4.2%), Broadcom (AVGO, +6.3%) and Taiwan Semiconductor Manufacturing (TSM, +3.0%) were also notable gainers.
As for the indexes, both the Dow Jones Industrial Average (+1.2% at 39,069) and the S&P 500 (+2.1% at 5,087) finished at record closes. The Nasdaq Composite climbed 3.0% to 16,041, and is now within striking distance of its closing peak of 16,057.44 set in November 2021.
Related content
- Toyota Recalls More than 300,000 Vehicles: What To Know
- Why Is Walmart Splitting Its Stock?
- AT&T Working to Restore Service Amid Network Outage: What to Know
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at a local investment research firm. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.
-
Aging: The Overlooked Risk Factor
Sponsored Elder care is a personal and financial vulnerability many people fail to plan for.
-
AI vs the Stock Market: How Did Alphabet, Nike and Industrial Stocks Perform in June?
AI is a new tool to help investors analyze data, but can it beat the stock market? Here's how a chatbot's stock picks fared in June.
-
AI vs the Stock Market: How Did Alphabet, Nike and Industrial Stocks Perform in June?
AI is a new tool to help investors analyze data, but can it beat the stock market? Here's how a chatbot's stock picks fared in June.
-
Stock Market Today: A Historic Quarter Closes on High Notes
"All's well that ends well" is one way to describe the second quarter of 2025, at least from a pure price-action perspective.
-
Keep Tax Collectors at Bay with Muni Bond Funds
Municipal bonds can be good insurance against inflation — and interest is tax-free. But as with all investments, understanding risk is key.
-
Eight Tips From a Financial Caddie: How to Keep Your Retirement on the Fairway
Think of your financial adviser as a golf caddie — giving you the advice you need to nail the retirement course, avoiding financial bunkers and bogeys.
-
Just Sold Your Business? Avoid These Five Hasty Moves
If you've exited your business, financial advice is likely to be flooding in from all quarters. But wait until the dust settles before making any big moves.
-
Cord Cutting Could Help You Save Over $10,000 in 10 Years
How cutting the cord can save you money and how those savings can grow over time.
-
Should I Buy Stocks or Bonds Right Now?
Generally speaking, stocks provide reasonable growth while bonds provide stable income. Each play important roles in diversified portfolios.
-
You Were Planning to Retire This Year: Should You Go Ahead?
If the economic climate is making you doubt whether you should retire this year, these three questions will help you make up your mind.